A leading Financial Technology (Fintech) provider had been utilizing QuickBooks to maintain its business. The client was buckling up for 12 months of exponential growth as it had just surpassed $1B in loans and locked in $50M in Series B Capital with a global investment bank. The client recognized QuickBooks was not a long-term solution and selected NetSuite as its new ERP software to support business growth.
The Fintech provider sought not only to implement NetSuite Financial Management, but also to seamlessly integrate additional business applications so that it could run the entire business with a single solution. Additionally, the company wanted to build a fully-automated loan refinancing tool to support the end-to-end accounting process.
“NetSuite is serving as a robust ERP solution with efficiency in financial management, clarity in reporting, and increased collaboration, which our client keenly needed to support its growth and development.”
Pankaj Mundra VP, AST NetSuite COEAST provided a unique combination of experience to completely transform financial operations by integrating NetSuite with the client’s bank and other solutions to automate processes. AST implemented NetSuite and AST’s ReFi ERP, a Loan Management application in just 14 weeks. The success of the project led to additional scope, such as developing a Sales Tax Enhancement for Loan Tracking. The organization also engaged our Managed Services experts to provide ongoing NetSuite functional, technical, administrative, and project management support.
The implementation yielded the following results for the client:
Our expertise in NetSuite implementations helped the client replace its existing finance system with a modern NetSuite Cloud solution, helping achieve its goals of automated, streamlined, and efficient accounting and business operations to support exponential growth.
